• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 3 hours Would bashing China solve all the problems of the United States
  • 7 hours Yale University Epidemiologist Publishes Paper on Major Benefits of Hydroxchloroquine for High-risk Outpatients. Quacksalvers like Fauci should put lives ahead of Politics
  • 2 hours Model 3 cheaper to buy than BMW 3 series.
  • 35 mins Thugs in Trumpistan
  • 27 mins Pompeo's Hong Kong
  • 1 hour China To Boost Oil & Gas Exploration, As EU Prepares To Commit Suicide
  • 1 day China to Impose Dictatorship on Hong Kong
  • 21 hours COVID 19 May Be Less Deadly Than Flu Study Finds
  • 15 hours China’s Oil Thirst Draws an Armada of Tankers
  • 10 hours Income report showing potential future spending and economic growth
  • 3 hours Coronavirus hype biggest political hoax in history
  • 11 hours US-China tech competition accelerates: on Friday 05/15 new sanctions on Huawei, on Monday 05/18 Samsung chief visits China
  • 12 hours The CDC confirms remarkably low coronavirus death rate. Where is the media?
  • 2 days 60 mph electric mopeds

Where to Find Shale Gas in MENA: Our Top 4 Venues

While these Middle East/North Africa venues are global oil giants and net oil exporters, demand for natural gas here is growing faster than supply. Combined with the natural gas boom in the US and new technology to unlock gas trapped in shale, this has spurred exploration in MENA. And it makes sense: this tight and shale gas occurs in rock formations that are likely the source rocks of conventional oil and gas, which the region has plenty of. Despite the commercial challenges and in some cases water shortages for hydraulic fracturing, some MENA countries are pursuing shale full-on.

The potential is definitely there: Across the region there is an estimated almost 1,500 trillion cubic feet of natural gas. Much of this is tight and shale gas, and the race is on now to determine the potential.

Here are our top venue picks in order of potential:

Algeria

Algerian officials believe they’re sitting on shale gas reserves that rival the US’. The country’s state-own energy company, Sonatrach, has signed a cooperation agreement with Italy’s Eni SpA to develop unconventional gas resources, with a focus on shale. The partnership deal also includes Talisman (Canada), Shell and Anadarko.

As we’ve noted before, Algeria is focusing so strongly on shale that its latest legislation targets this sector specifically, attempting to lure foreign partners to these plays with more favorable terms.

Algeria has an estimated 2 trillion…




Oilprice - The No. 1 Source for Oil & Energy News